Treasury Secretary Bessent is saying: There are 11 strong Fed chair candidates. He will begin the interview process after Labor Day and present a short …
Category: Central Banks
In a Wall Street Journal editorial today, the editoral board warns that Trump’s firing of Fed Governor Lisa Cook marks a power play to bring …
Fed independence is very important. Has nothing to say an allegations that situation around Gov. Cook GDP has slowed in the 1st half of the …
Forex market interventions may be necessary to ensure price stability Current Swiss franc value is more down to dollar being weak than stronger franc The …
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). …
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …
Morgan Stanley has shifted its Fed outlook, joining other analyst firms in forecasting a September rate cut. Justin had the news earlier: Fed to cut …
UBS said Federal Reserve Chair Jerome Powell’s Jackson Hole speech was “classic Powell” — signalling a higher probability of a September rate cut to offset …
A couple of items crossing news services: Trump is weighing options to extend influence to Fed banks Trump has told advisers that he wants to …
Congress, through the Federal Reserve Act, directs that governors serve in long, fixed terms and may be removed by the president only “for cause.” Long …